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Canada Industrial product and raw materials price indexes, August 2016
The Industrial Product Price Index (IPPI) declined 0.5% in August, after increasing 0.2% in July. Of the 21 major commodity groups, 2 were up, 11 were down and 8 were unchanged. The decline in the IPPI in August was mainly attributable to prices for meat, fish, and dairy products (-2.3%), which posted their largest decrease since October 2007. The main reason for the lower prices in this commodity group was fresh and frozen pork (-5.8%) and, to a lesser extent, fresh and frozen beef and veal (-2.8%). The price of fresh and frozen beef and veal began a downward trend in September 2015, recording a 17.9% year-over-year ... (full story)